Translation
Notice: This document is an excerpt translation of the original Japanese document and is only for reference purposes. In the event of any
discrepancy between this translated document and the original Japanese document, the latter shall prevail.

Summary of Non-Consolidated Financial Results
for the Three Months Ended June 30, 2023
(Based on Japanese GAAP)
August 7, 2023
Company name:
ALPHA SYSTEMS INC.
Stock exchange listing: Tokyo
Stock code:
Representative:

4719
President

URL

https://www.alpha.co.jp/Kiyoshi Saito

Inquiries:
Senior Managing Director
Scheduled date to file Quarterly Securities Report:

Kazuhiro Kubota
August 10, 2023

Scheduled date to commence dividend payments:
Preparation of supplementary material on quarterly financial results:–No

Holding of quarterly financial results meeting:

NoTEL

044-733-4111(Amounts less than one million yen are rounded down)
1. Non-consolidated financial results for the three months ended June 30, 2023 (from April 1, 2023 to June 30, 2023)(1) Non-consolidated operating results (cumulative)

Percentages indicate year-on-year changes

Net sales
Three months ended June 30, 2023
Three months ended June 30, 2022

Millions of yen
8,485
8,539

Operating profit% Millions of yen
(0.6)
845
6.9992

Earnings per share

Ordinary profit% Millions of yen(14.8)
863
2.1
1,007

% Millions of yen(14.3)
581
2.1
682

%
(14.7)
2.2

Diluted earnings per share

Yen
41.45
48.58

Three months ended June 30, 2023
Three months ended June 30, 2022

ProfitYen––(2) Non-consolidated financial position
Total assets

Net assets

Millions of yen
47,207
48,166

As of June 30, 2023
As of March 31, 2023

Equity ratioMillions of yen
39,86839,775

%
84.5
82.6

2. Cash dividends
Annual dividends per share
1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Yen––Yen
35.00

Yen–

Yen
35.00

Yen
70.00

35.00

–

35.00

70.00

Year ended March 31, 2023
Year ending March 31, 2024
Year ending March 31, 2024 (Forecast)Total

3. Forecast of non-consolidated financial results for the year ending March 31, 2024 (from April 1, 2023 to March 31, 2024)
Percentages indicate year-on-year changes
Net sales
Millions of yen
Six months ending
September 30, 2023
Full year

Operating profit

Ordinary profit

ProfitEarnings per share% Millions of yen% Millions of yen% Millions of yen%

Yen

17,5000.6

2,000(2.9)

2,030(2.9)

1,370(4.4)

97.58

36,000

1.3

4,300

2.0

4,360

1.9

2,940

0.7

209.41

1

4. Notes(1) Application of special accounting methods for preparing quarterly non-consolidated financial statements: No(2) Changes in accounting policies, changes in accounting estimates, and restatement of prior period financial statements
NoChanges in accounting policies due to revisions to accounting standards and other regulations:
Changes in accounting policies due to other reasons:
Changes in accounting estimates:

NoNo

Restatement of prior period financial statements:

No(3) Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
As of June 30, 2023

14,052,400 shares As of March 31, 2023

14,052,400 shares

Number of treasury shares at the end of the period
As of June 30, 2023

13,235 shares As of March 31, 2023

13,235 shares

Average number of shares during the period (cumulative from the beginning of the fiscal year)
Three months ended June 30, 2023

14,039,165 shares Three months ended June 30, 2022

214,039,375 shares

Quarterly non-consolidated financial statements
Non-consolidated balance sheets(Thousands of yen)
As of March 31, 2023

As of June 30, 2023

AssetsCurrent assets
Cash and deposits
Accounts receivable and contract assets
Securities
Work in process
OtherTotal current assets

23,042,284
8,529,639

23,576,102
7,038,548

999,953
3,812

999,904
215,490257,259

348,533

32,832,948

32,178,579

Non-current assets
Property, plant and equipment
Buildings, net

4,063,210

4,032,916

Land
Other, net

5,173,538
105,0225,173,538
100,375

Total property, plant and equipment

9,341,770

9,306,829

Intangible assets
Investments and other assets

21,897

21,059Investment securities
Other

1,589,754
4,381,437

1,593,566
4,112,418(1,000)(5,391)

Allowance for doubtful accounts
Total investments and other assets

5,970,191

5,700,593

15,333,860

15,028,481

48,166,808

47,207,061

Accounts payable - trade
Income taxes payable

1,293,083
797,188

1,313,565
68,285

Provision for bonuses
Provision for bonuses for directors (and other officers)

1,261,292–

458,770
37,000Other

3,614,549

4,077,764

Total current liabilities

6,966,113

5,955,385

Provision for retirement benefits
Other

1,186,313
239,147

1,155,176
228,010

Total non-current liabilities

1,425,460

1,383,186

8,391,574

7,338,571

Shareholders' equity
Share capital

8,500,550

8,500,550

Capital surplus
Retained earnings

8,647,050
22,615,809

8,647,050
22,706,420(39,334)(39,334)

39,724,074

39,814,685

Valuation difference on available-for-sale securities

51,15953,804

Total valuation and translation adjustments

51,15953,804

39,775,233

39,868,489

48,166,808

47,207,061

Total non-current assets
Total assets
Liabilities
Current liabilities

Non-current liabilities

Total liabilities
Net assets

Treasury shares
Total shareholders' equity
Valuation and translation adjustments

Total net assets
Total liabilities and net assets

3Non-consolidated statements of income (cumulative)(Thousands of yen)Three months ended

Three months ended

June 30, 2022

June 30, 2023

Net sales
Cost of sales

8,539,981
6,447,634

8,485,937
6,555,651

Gross profit

2,092,347

1,930,285

Selling, general and administrative expenses

1,099,430

1,084,595

992,916

845,690

Interest income
Dividend income

5,137
550

9,345
600

Rental income
Other

9,080
3,820

9,080
2,258

Total non-operating income

18,58821,284

4,212

3,661

Operating profit
Non-operating income

Non-operating expenses
Rental costs
Other0–

4,212

3,661

1,007,291

863,313–

1,819–1,819Profit before income taxes

1,007,291

861,493

Income taxes - current
Income taxes - deferred

2,826
322,393

7,041
272,470

Total income taxes

325,220

279,512

Profit682,071

581,981

Total non-operating expenses
Ordinary profit
Extraordinary losses
Loss on retirement of non-current assets
Total extraordinary losses

4